Home » Regulation: NASD Urges Dealers to Qualify for College Savings Programs

TITLE

Regulation: NASD Urges Dealers to Qualify for College Savings Programs

AUTHOR(S)

Hume, Lynn

PUB. DATE

November 2001

SOURCE

Bond Buyer;11/5/2001, Vol. 338 Issue 31258, p5

SOURCE TYPE

Trade Publication

DOC. TYPE

Article

ABSTRACT

Reports on the guidelines by the U.S. National Association of Securities Dealers emphasizing the need for college saving programs to comply with the Municipal Securities Rulemaking Board (MSRB) requirements by August 1, 2002. Rules provided by the MSRB to firms selling securities; Various rules modified by the MSRB to accommodate these programs.

Reports on the National Association of Securities Dealers' warning on the inconsistency of municipal securities dealers in complying with the US Municipal Securities Rulemaking Board rules governing the transaction reporting program. Reminder on the transaction requirements; Part of its...

Reports that the National Association of Securities Dealers (NASD) has granted three United States firms exemptions from the Municipal Securities Rulemaking Board's Rule G-37 which imposed a ban on negotiated municipal securities business in cases involving an acquisition, merger and a...

Reports that the United States-based National Association of Securities Dealers (NASD) fined several municipal securities brokers and dealers for failure to submit transaction reports as of January 13, 1999. Background on the NASD regulations covering municipal bonds trading activities of...

Reports the exemption of the broker-dealers from the two-year ban on municipal business by the National Association of Securities Dealers in Washington. Result of the contributions made to a gubernatorial candidate; Merger of the stocks affiliate of a municipal securities dealer; Citation of...

Reports on the investigation of the National Association of Securities Dealers' of brokers' brokers in the municipal bond market in the U.S. Pricing practices of brokerage firms; Elimination of huge price markups between the first and the last bond trade with real-time transparency; Increase in...

Reports that the National Association of Securities and Dealers censured New Orleans, Lousiana-based Hattier Sanford and Reynoir for the company's failure to disclose information on confirmation statements received by customers who purchased municipal securities. Case background; Details of the...

Reports the imposition of fines to firms violating the membership agreement with the National Association of Securities Dealers (NASD) in Washington, D.C. Basis of the offense on the membership agreement with NASD regulatory arm; Firms fined for engaging in municipal securities-related...

Reports on the Municipal Securities Rulemaking Board's issuance of guidance on Rule G-37 clarifying National Association of Securities Dealers (NASD) exemption flexibility. Call by NASD President Frank Zarb for reform; Features of the ruling; Effect of the ruling on the municipal bond market of...